Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Muzinich launches global credit absolute return fund

Muzinich launches global credit absolute return fund

New York-based credit investment specialist Muzinich & Co. has launched a new fund looking to tap the most attractive global credit opportunities across all market cycles.

The Muzinich & Co. Global Tactical Credit fund is Dublin-domiciled and will be run by Mike McEachern.

Citywire previously reported plans to bring the absolute return strategy to European investors having launched it in a US-only format at the beginning of 2013.

In the Ucits-compliant version, McEachern will apply a bottom-up process to locate the best investment opportunities across investment grade, high yield corporate bonds and corporate loans.

It is designed to assess relative value across rating, duration and geographic spectrums.

In addition, McEachern may use portfolio hedging techniques to help reduce short-term volatility during periods of rising interest rates or spread widening.  

Commenting on the launch, McEachern said: 'The prospect of rising interest rates has prompted demand for nimble, multi-asset fixed income strategies as a complement to more traditional investments.’

‘We can do this by moving in and out of global credit sectors, as well as up and down the credit quality and duration spectrum, as different fixed income assets move in and out of favour.’

The fund targets a return of Libor plus 5-7% and seeks to protect capital in weak or falling markets. It is available in sterling, dollar and euro share classes.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Wealth Manager Retreat 2017: size isn't everything

Wealth Manager Retreat 2017: size isn't everything

We asked our delegates at the Wealth Manager Retreat what they think about the recent wave of consolidation in the industry.

1 Comment Play CIO Tapes - part 3: 'passive funds are anti-capitalist'

CIO Tapes - part 3: 'passive funds are anti-capitalist'

Citywire recently gathered three of the UK's leading fund investment heads to discuss their hopes, fears and the issues that their jobs throw at them daily.

Play CIO Tapes: do investors have it as good as it gets?

CIO Tapes: do investors have it as good as it gets?

Citywire gathered three of the UK's leading fund investment heads to discuss what they fear and what makes them cheer about the year ahead

Read More
Your Business: Cover Star Club

Profile: Rathbone's Newcastle boss on the road to £1bn

Profile: Rathbone's Newcastle boss on the road to £1bn

Starting from zero assets on day one, Rathbone's Newcastle team now looks after just over £400 million in clients money

Wealth Manager on Twitter